With an affiliate of Apollo Management VII having acquired a 51% indirect interest in EVERTEC, the Company posted total revenues up $7.6 million by 12% to $73.5 million from the year ago period. This was thanks to increased revenues in the Transaction Processing segment, up $2.5 million by 14%, the Merchant Acquiring segment up $2.4…
Citi launched its “Project Card” payment solution from its Commercial Cards Division. Automatically linking project information such as budget, project duration, and project name to a card for improved overall project and budget management, the Citi “Project Card” was developed specifically to manage consulting engagements, new product development and recruiting. The Citi Project Card allows Citi’s commercial card clients to reduce delays from manual invoice and purchase order processing by leveraging the card’s built-in spend controls. When initiating a project, clients simply assign a project name and an overall budget to help automate the project management process.
mopay payment solutions for online merchants introduced its next-generation mobile payments platform with an improved technological base and advanced new features. Merchants can now run mopay on Android, Samsung’s bada, iOS and Windows Phone 7. Adding third-party solutions to support stationary Internet purchases, mobile Internet shopping, in-app billing and everything in between. Features of the new platform include support for all internet-connected devices; support for multiple funding methods; improved integration of carrier services; and simplified integration for merchants.
192business global ID check technology specialists launched their ID check technologies for the online money transfer market. With their experience of supporting customer acquisition and fraud prevention through years of growth of ecommerce and egaming revenues, 192business is now focusing on supporting the money transfer industry. Early adopters of the 192business technology include WorldRemit, an online money transfer business enabling customers to send money to family and friends back home. WorldRemit use 192business technology to seamlessly verify the identity of its online money transfer customers to prevent fraud and comply with AML regulations.
Star One Credit Union has forged agreements Tyfone mobile financial solutions to deliver mobile banking services to it members. With direct integration to Star One’s “Fiserv XP2” core, Tyfone gives rapid responses and the direct access to core data offers with progressive mobile banking services to Star One mobile-banking members. Additionally, the partnership with Tyfone allows Star One to offer account aggregation, rate watch, Regulation D counter, mobile remote deposit capture (mRDC), bill pay, and an array of customizable alerts.
Wescom Resources Group (WRG) technology solutions for credit unions has formed a partnership agreement with PayPal to offer Person-2-Person (P2P) payment services to credit unions. For the initial offer, WRG has integrated the PayPal Send Money for Financial Institutions service into its “MemberEdge” Mobile Banking solution. The “MemberEdge” Mobile Banking is used by a growing list of credit unions. Future Wescom P2P offers will include PayPal Send Money incorporated into Online Banking and Bill Pay.
Bill.com integrated bill payment, online invoicing and cash management solutions for small- and medium-sized businesses (SMBs) and accounting/bookkeeping firms, expanded its mobile offering with the introduction of powerful new accounts receivable and collaboration features. Bill.com Mobile improves on cumbersome financial management processes, and makes them accessible on any smartphone, anytime and anywhere. Geared specifically for SMBs and accountants who are looking to free themselves from antiquated paper-based accounting systems, Bill.com “Mobile” allows users to view a dashboard of open and overdue invoices; viewing a list of received electronic payments; iew images of customer invoices; send/email invoices and payment reminders to customers from mobile devices; and schedule payments and adjust dollar amounts to optimize cash flow.
Ariba collaborative business commerce solutions announced ClearChoice Careers online recruitment and advertising consultancy implemented its services. The company joined the Ariba global supply network along with the more than 500,000 companies of all sizes across industries and geographies to more efficiently and effectively buy, sell and manage their cash. The Ariba Network has allowed ClearChoice Careers to raise its profile using Ariba “Discovery” next-generation business matching service. Helping buyers and sellers connect and collaborate, ClearChoice Careers can identify and land new business opportunities with many of them.
American Express Chairman and Chief Executive Officer is set to participate in the Sanford Bernstein 27th Annual Strategic Decisions Conference in New York on June 1. For this, a live audio webcast will be made available to the general public through the American Express Investor Relations website at http://ir.americanexpress.com (http://ir.americanexpress.com/). Full Story American Express Chairman…
The director of investor relations at Intuit, will present at the Bank of America Merrill Lynch Technology Conference in New York on June 2. Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Intuit Financial Services helps banks and credit unions grow by providing on-demand solutions and services that make it easier for consumers and businesses to manage their money.
Fiserv financial services technology has been authorized by its Board of Directors to repurchase up to 7.5 million shares of the company’s common stock, or approximately 5 percent of its outstanding shares. Fiserv may repurchase shares in the open market or in privately negotiated transactions at the discretion of management, subject to its assessment of market conditions and other factors.
CIELO S.A. merchant acquirer and payment processor acquired 100% of the quotas representing the capital stock of Braspag – Tecnologia em Pagamento through a subsidiary. Braspag specializes in innovation, the development of online payment solutions and payment processing for e-commerce with a market share of approximately 65% in its segment. Operating as a gateway, Braspag’s platform integrates online stores, financial institution sand acquirers, and is responsible for capturing, routing and managing payment transactions with cards, collection slip sand online debit. Cielo will expand its product portfolio with a more comprehensive offering providing financial reconciliation and anti-fraud intelligence tools, further strengthening the relationship with its clients.